Site for Free Markets and Free People

Monday, August 08, 2011

Obama Takes No Blame For Debt; Dismisses Markets

After showing up 45 minutes late to a press conference and while the Dow was plunging another 400+ points, Obama had the gaul to say that: 1) the market reaction was a result of the "political wrangling" over the last 30 days rather than his spending policies; and 2) the downgrade isn't that big a deal because even Warren Buffett says the U.S. is creditworthy.

So relax guys, it's not Obama's fault - and besides, it's not that big a deal...let's just spend more.